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MI SB1136

Bill

Status

Introduced

6/30/2022

Primary Sponsor

Jeremy Moss

Click for details

Origin

Senate

101st Legislature

AI Summary

  • Prohibits excessive pricing for gasoline, propane, and home heating oil during market disruptions, defined as any sudden market change caused by weather, supply disruptions, emergencies, or other abnormal conditions.

  • Defines "excessively increased price" as any price increase exceeding 20% compared to pre-disruption prices, unless the seller can prove the increase reflects higher costs or an extraordinary pre-disruption discount.

  • Authorizes the Attorney General to bring class action lawsuits for actual damages or $100 per person (whichever is greater) and empowers prosecutors to investigate violations through compulsory testimony and document production.

  • Establishes civil penalties up to $10,000 per violation for individuals and $1,000,000 per violation for other entities, with potential treble damages if violations are flagrant.

  • Makes knowing violations a misdemeanor punishable by up to 1 year imprisonment and/or $10,000 fine for individuals, or up to $1,000,000 fine for non-individual entities.

Legislative Description

Trade: business practices; excessively increased pricing for energy products and services during a market disruption; prohibit. Creates new act.

Trade: consumer goods and services

Last Action

Referred To Committee On Energy And Technology

6/30/2022

Committee Referrals

Energy And Technology6/30/2022

Full Bill Text

No bill text available